CZCE Cotton No.1 May '18 : Exit Long On The Rise 23 Dec 2017 2:14 pm   0 Comments  |   Post Comment  |  Font Size A A A  REPORT For Date 26/12/2017 CZCE Cotton No.1 May '18 : Exit Long On The Rise Yuan per ton The stop loss for long position of 14870 was violated as the low in last few days was 14800 and closed the week at 14935. Exit long on rise from 14935 to 15200 as the opportunity arises. Sideways volatility is being witnessed and is likely to be seen around the DRV-15009. Support will be at 14650 and 14800. Near term pullback rise can be seen above 15200 closing. Unwinding volatility is more dominant. TREND INFORMATION WITH INTRA-DAY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 - 14935.0 15009.9 DOWN 14935 22 14357 14757 14978 15157 15557 *Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Positional Traders: If trend is up then traders long can hold long position with closing stop loss of DRV: Close >DRV. If trend is down then traders can hold short position with a closing stop loss of DRV: Close <DRV. PRICE, VOLUME AND OPEN INTEREST STRATEGY LAST CLOSE PRICE G/L% VOLUME % V INC/DEC OPEN INTEREST % OI INC/DEC CANDLE POSITION 14935.0 -1.0 1495606 18.5 128842 2.1 Negative Addition Short TECHNICAL INDICATORS TABLE RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS 41.46 -13.71 64.81 -4.55 -84.43 -4.61 49.47 -10.68 Note: UP Green= Shows Up Trend as Close > DRV (Pink Line), DN Red= Shows Down Trend as Close < DRV(Pink Line), Red Color Bar= Down Trend + Bandwidth Is Rising, Green Color Bars= Up Trend + Bandwidth Is Rising, Blue Color Bars= Sideways(Trend could be up or down + Bandwidth is falling), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV. Bandwidth Indicator= Helps to determine directional speed in the direction of the trend. Falling Bandwidth would indicates loss of momentum being witnessed or likely to be witnessed. Sideways movement may emerge or upside or downside could be locked until Bandwidth does not turn up. Rising Bandwidth can bring about directional momentum. Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed as investment advice. The information provided in this report is intended solely for informative purposes. The author, directors and other employees of CC Commodity Info Services cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above.   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Latest International Weekly Technical Analysis Cotton No. 1 (ZCE) Consolidating Near a Support Zone (... Cotton Yarn (ZCE) Trending Lower / Next Support at 20,... Cotton No. 1 (ZCE) Consolidating Near a Support Zone (... Cotton Yarn (ZCE) Weak Price Trend / Trading Near Supp... Cotton No. 1 (ZCE) Positive Short-term Trend / Next Re... more Top 5 News RBD Palm Olien (Sep 24) Consolidating Near Key Resista... Rapeseed Meal (ZCE) Counter-trend Rally / Trading Near... Rapeseed (MATIF) Inflection Point: Retesting Key Resis... Base Metals Zinc (LME) Bullish Trend Reversal / Next ... Base Metals Nickel (LME) Positive Short-term Trend / ... Top 5 Special Reports Desi Moong (Jaipur) Inflection Point: Retesting Key Re... Rajkot Groundnut Oil Loose Correction Underway / Next ... US Cotton net export sales for April 12-18 at 177,100 R... US soybean net sales for April 12-18 at 210,900 MT, dow... Black Matpe Polished (AP) Consolidating Above Key Supp...